TechFlow news, November 21 — According to TechCrunch, prediction market platform Kalshi has just secured $1 billion in funding, pushing its valuation to $11 billion. The round was led by existing investors Sequoia and CapitalG, the investment arm of Alphabet (Google's parent company), along with other prominent backers including Andreessen Horowitz and Paradigm.
Notably, this comes less than two months after Kalshi’s previous round at a $5 billion valuation, marking more than a doubling in valuation. The company’s annualized trading volume has surged from approximately $300 million last year to $50 billion, an increase of nearly 170-fold.
Kalshi allows users from over 140 countries to place bets on a wide range of future events—from Time magazine’s Person of the Year 2025, to the Rotten Tomatoes score of the movie Wicked, and even the outcome of the next U.S. presidential election. The platform gained significant attention for accurately predicting the result of New York City’s mayoral election.
